Gearset announced its new CI/CD solution, Long Term Projects in Pipelines.
Akamai Technologies has entered into a definitive agreement to acquire Linode, an infrastructure-as-a-service (IaaS) platform provider.
Modern digital experiences, including virtual environments like the metaverse, are created through the convergence of media, entertainment, technology, ecommerce, financial services, and online games. Akamai has been a key partner to the world’s leaders in these industries for decades by powering and protecting applications in today’s multi-cloud, multi-platform world. Together with Linode, which has made it simple, affordable and accessible for developers to consume cloud computing, Akamai will become the world’s most distributed compute platform, from cloud to edge.
“The opportunity to combine Linode’s developer-friendly cloud computing capabilities with Akamai’s market-leading edge platform and security services is transformational for Akamai,” said Dr. Tom Leighton, chief executive officer and co-founder, Akamai Technologies. “Akamai has been a pioneer in the edge computing business for over 20 years, and today we are excited to begin a new chapter in our evolution by creating a unique cloud platform to build, run and secure applications from the cloud to the edge. This is a big win for developers who will now be able to build applications on a platform that delivers unprecedented scale, reach, performance, reliability and security.”
Christopher Aker, founder and chief executive officer, Linode, added, “We started Linode 19 years ago to make the power of the cloud easier and more accessible. Along the way, we built a cloud computing platform trusted by developers and businesses around the world. Today, those customers face new challenges as cloud services become all-encompassing, including compute, storage, security and delivery from core to edge. Solving those challenges requires tremendous integration and scale which Akamai and Linode plan to bring together under one roof. This marks an exciting new chapter for Linode and a major step forward for our current and future customers.”
Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Linode Limited Liability Company for approximately $900 million, after customary purchase price adjustments. As a result of structuring the transaction as an asset purchase, Akamai expects to achieve cash income tax savings over the next 15 years that have an estimated net present value of approximately $120 million. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions.
Industry News
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NodeScript, a free, low-code developer environment for workflow automation and API integration, is released by UBIO.
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StreamNative launched Ursa, a Kafka-compatible data streaming engine built on top of lakehouse storage.
GitKraken acquired code health innovator, CodeSee.
ServiceNow introduced a new no‑code development studio and new automation capabilities to accelerate and scale digital transformation across the enterprise.
Security Innovation has added new skills assessments to its Base Camp training platform for software security training.
CAST introduced CAST Highlight Extensions Marketplace — an integrated marketplace for the software intelligence product where users can effortlessly browse and download a diverse range of extensions and plugins.
Red Hat and Elastic announced an expanded collaboration to deliver next-generation search experiences supporting retrieval augmented generation (RAG) patterns using Elasticsearch as a preferred vector database solution integrated on Red Hat OpenShift AI.
Traceable AI announced an Early Access Program for its new Generative AI API Security capabilities.
StackHawk announced a new integration with Microsoft Defender for Cloud to help organizations build software more securely.
MacStadium announced that it has obtained Cloud Security Alliance (CSA) Security, Trust & Assurance Registry (STAR) Level 1, meaning that MacStadium has publicly documented its compliance with CSA’s Cloud Controls Matrix (CCM), and that it joined the Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment.
The Cloud Native Computing Foundation® (CNCF®) released the two-day schedule for CloudNativeSecurityCon North America 2024 happening in Seattle, Washington from June 26-27, 2024.
Sumo Logic announced new AI and security analytics capabilities that allow security and development teams to align around a single source of truth and collect and act on data insights more quickly.